France's gambling authority has mandated ISPs to block Polymarket's website, citing illegal gambling practices. This follows previous actions that restricted financial transactions by residents and aims to curb access as the platform's popularity rises in the country.
France’s Autorité Nationale Des Jeux (ANJ) has ordered internet service providers to block access to the prediction market Polymarket. This decision reflects the regulatory body’s ongoing efforts to prevent citizens from engaging with platforms deemed illegal under French gambling laws.
This latest development follows a previous regulation from November 2024, which implemented a geoblock on financial transactions from French residents on Polymarket. Despite these attempts, user engagement reportedly increased, with over 578,000 visits recorded in June 2024.
In its latest actions, the ANJ emphasizes that unauthorized betting or gambling advertisements could lead to significant fines, marked at up to 100,000 euros (approximately $114,000). This stringent stance illustrates the agency's aim to limit the reach of platforms like Polymarket.
Other countries in the region are taking similar actions. Spain's government also seeks to block Polymarket and Kalshi while investigating their legality. In the U.S., Minnesota has enacted a ban on prediction markets, while various states pursue legal action against these platforms.
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France's gambling authority has mandated ISPs to block Polymarket's website, citing illegal gambling practices. This follows previous actions that restricted financial transactions by residents and aims to curb access as the platform's popularity rises in the country.